BIS and Amro publish ‘ready-to-run’ global liquidity stress test
‘Open access, top-down’ framework aims to overcome data and comparability issues
A joint project by economists at the Bank for International Settlements and Asean+3 Macroeconomic Research Office (Amro) has yielded a new “ready-to-run” framework to enable authorities to conduct global liquidity stress tests.
The framework is described in working papers jointly published by the BIS and Amro on November 11. The “open-access, top-down liquidity stress-testing toolkit” is available for anyone to use on Amro’s website.
Authors Christian Schmieder, Min Wei and Li Lian Ong note the
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